REGISTERED NUMBER: 06671554 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Smart Paint Repairs Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Miles

REGISTERED OFFICE:

Lynnem House

1 Victoria Way

Burgess Hill

West Sussex

RH15 9NF

REGISTERED NUMBER:

06671554 (England and Wales)

ACCOUNTANTS:

Price Green & Co

Lynnem House

1 Victoria Way

Burgess Hill

West Sussex

RH15 9NF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,184

7,359

1,184

7,359

CURRENT ASSETS

Stocks

18,000

6,400

Debtors

6

295,450

209,431

313,450

215,831

CREDITORS

Amounts falling due within one year

7

250,510

206,611

NET CURRENT ASSETS

62,940

9,220

TOTAL ASSETS LESS CURRENT LIABILITIES

64,124

16,579

CREDITORS

Amounts falling due after more than one year

8

66,417

12,930

NET (LIABILITIES)/ASSETS

(2,293

)

3,649

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,393

)

3,549

SHAREHOLDERS' FUNDS

(2,293

)

3,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2026 and were signed by:

K Miles - Director

1.	STATUTORY INFORMATION

Smart Paint Repairs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

10,500

AMORTISATION

At 1 September 2024

and 31 August 2025

10,500

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

33,067

Disposals

(14,817

)

At 31 August 2025

18,250

DEPRECIATION

At 1 September 2024

25,708

Charge for year

395

Eliminated on disposal

(9,037

)

At 31 August 2025

17,066

NET BOOK VALUE

At 31 August 2025

1,184

At 31 August 2024

7,359

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

12,539

8,268

Other debtors

282,911

201,163

295,450

209,431

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

62,612

37,737

Trade creditors

44,072

52,068

Taxation and social security

134,551

113,237

Other creditors

9,275

3,569

250,510

206,611

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

66,417

12,930

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

31.8.25

31.8.24

£

£

K Miles

Balance outstanding at start of year

128,353

142,945

Amounts advanced

132,514

-

Amounts repaid

(69,308

)

(14,592

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

191,559

128,353

10.	RELATED PARTY DISCLOSURES

The company was controlled throughout the previous year by it's managing director Mr K Miles.

Included in other debtors is £191,559 (2024: £128,352) owed by the director.